Brazil: Rain returns in Center-North and must allow for second-crop planting of corn

The turn of the year and the beginning of 2024 are marking a change in the rainy environment in Brazil. Fewer excesses in the south and the resumption of better occurrences in the center-north. For soybeans in Mato Grosso and part of Goiás, the rain arrived late. For the 2024 corn second crop, at the right time. The sooner-than-normal soybean harvest and now the improving soil moisture may give a final motivation for decisions to plant second-crop crops, despite the presence of an already inevitable area cut. Meanwhile, the Brazilian market has a very firm price situation in the face of regional downsizing due to the export pace, accelerated by the lack of stock control on the part of the domestic consumer market. The focus now is on the arrival of the new crop, starting in Rio Grande do Sul and, from February, in the Southeast region and Paraná. This price reaction caused by the retention of offers by growers and the lack of stocks among consumers is a situation that will only be ...